UCO Bank to Launch 45-day Loan Carnival
Sitting on a cash pile and after recovering ₹800-900
crore from four stressed accounts, state-owned UCO Bank has announced a “loan
carnival” that will seek to disburse ₹4,000 crore of retail and enterprise
loans in the next 45 days.
“We are sitting on huge liquidity. The loan carnival
will help us use this fund effectively,” MD, UCO Bank, AK Goel said.
The bank has set a target of ₹2,700 crore retail
loan disbursement under the overall plan and is focusing on home loans, car
loans and gold loans to achieve this.
The balance ₹1,300 crore will be lent to
micro, small and medium enterprises (MSMEs).
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